Tips to maximise your most valuable asset
Purchasing property off-the-plan is one of the easiest ways to get into the property market, downsize from a larger home or secure an investment asset. Below are some important tips to understanding the benefits of purchasing off-the-plan and how to make the most of your investment.
Determine your reasons for purchasing the property
Purchasing off-the-plan is an ideal solution for property investors, downsizers and first or second home buyers alike. With benefits of locations that offer maximum amenities and many transport options; and the advantage of a property that was thoughtfully designed to suit modern Melbourne lifestyles. Buying property off-the-plan could be your entry to the market and the beginning of a valuable property portfolio.
Research the neighbourhood
Whether or not you intend to occupy your off-the plan property purchase, understanding how you – or a tenant – would benefit from living in the area will give you a sound overview of your expected returns. Properties close to rail and public transport typically attract an urban dweller without children, so young adults and downsizers are drawn to these locations. Young families tend to look for properties close to parks, schools and major arterial roads for faster access to work and extended family.
Select a trusted developer
When you’re looking to purchase off- the-plan, make sure you work with a developer that has a portfolio of previous developments under-their-belt so you can understand who they are and the type of projects they deliver.
Developers that offer a full-circle property service, designing, constructing and selling their projects in-house provide greater benefits and a stress free, streamlined process. Quality is ensured through every step as all stages are overseen by experienced teams of industry professionals.
Choose your finishing touches wisely
Durable, hard-wearing finishes and appliances will last longer and extend the value of your investment over its lifetime. Ensure the developer you purchase from puts effort into selecting quality fixtures and finishes that will stand the test of time.